I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments.
BTCUSD — Same as last week, no confirmation yet on the turn, the middle band is being tested. A drop in DX is in progress and looking for a break and conversion to confirm the reversal. Upside short term is expected into the upper bollie. The band are very tight, a move is about to happen.
ETHUSD – Converting middle band and a step aheah of BTC. Uupper band tested then middle re-tested to advance further. Looking for the upside move this week to upper band.
LTCUSD – LTC is reversing and no confirmation yet as the middle band is being tested. Once converted looking for a squeeze higher into the upper bollie.
Almost no change from last week except ETH is leading the way and is converting middle band. BTC will follow. I am still looking for a confirmed reversal and watching middle band which is still the arbitrator of success for the bulls. USD should continue to devalue and I am expecting Cryptos to continue to be bullish. I remain bullish Crypto’s. Trade Smart and Trade Safe.
11th Jul 2021